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62 Elm St, Melrose MA 02176

Melrose, MA 02176 • Horace Mann
$525,000
Est. $3,364/month
4
Beds
1.5
Baths
1,438
Sq Ft
$365
Price/Sq Ft
0.09
Acres
1940
Year Built
7
Days on Market
Closed Listed Apr 29, 2020 • MLS# 72649213 Copied!

About this home

Smart equity buy here at 62 Elm St! A+ location, walkable to public transportation, downtown Melrose restaurants, shops and Whole Foods! An attached garage, screened in porch, finished basement and fenced in, level yard check more of 'the boxes'! Build your own sweat or check equity and own a 4BR home in Melrose for under $550,000! This home has 'good bones' but you'll need the following...new exterior and interior paint, trim work, a new roof and your own cosmetic updates inside. Gas furnace and hot water tank are in good shape but you'll want to upgrade the electrical fuses. Enjoy virtually untouched hardwood flooring throughout most the home as it was carpeted for decades. Home has nice flow, feels like a 1600+ sq. ft. home and has been well cared for. Time for you to make it your own! ++VIRTUAL OPEN HOUSES THUR-SUN ++ SEE OPEN HOUSE SCHEDULE. CONTACT YOUR AGENT TO SCHEDULE A SHOWING IN PERSON.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1940
Bedrooms
4
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,438 sq ft
Total Rooms
7

Sale Statistics

Sale Overview
Original List Price: $524,900
Final Sale Price: $525,000
Difference: +$100 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold above asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $365
Sale $/sq ft: $365
This property sold for $365 per square foot
Sale Summary

This property sold for 0.0% above the original asking price, indicating strong buyer demand.

With only 7 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$365/sq ft
Area Average
$548/sq ft
Difference
33.3%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1940
Living Area 1,438 sq ft
Lot Size 0.09 acres
Bedrooms 4
Full Baths 1
Half Baths 1
Total Rooms 7

Interior

Heating Steam, Natural Gas
Cooling None
Flooring Laminate, Hardwood
Appliances Gas Water Heater, Range, Dishwasher, Refrigerator, Washer
Fireplace Living Room
Fireplaces 2
Basement Full, Partially Finished
Laundry In Basement
Features None

Exterior

Construction Frame
Architecture Cape
Roof Asphalt/composition Shingles
Features Porch - Screened, Fenced Yard
Pool None
Spa None
Fencing Fenced
Patio/Porch Screened

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Paved Drive, Off Street, Tandem, Paved
Total Spaces 3

Utilities

Electric Fuses
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven

Financial

Annual Tax $6,117
Assessed Value $553,600

Interior Features

Flooring: Laminate, Hardwood
Appliances: Gas Water Heater, Range, Dishwasher, Refrigerator, Washer
Interior Features:
Windows:
Basement: Full, Partially Finished
Laundry: In Basement
Security:

Construction & Materials

Style: Cape
Year Built: 1940
Structure Type:
Exterior Materials: Frame
Roof: Asphalt/Composition Shingles
Foundation: Block

Heating, Cooling & Utilities

Heating: Steam, Natural Gas
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch - Screened, Fenced Yard
Patio & Porch: Screened
Fencing: Fenced
Other Structures:
Lot Features: Level
Road Surface: Paved

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 3
Parking Features: Attached, Paved Drive, Off Street, Tandem, Paved

Special Features

Fireplaces: 2
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Park, Medical Facility, Public School, Sidewalks

Location

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Neighborhood

Horace Mann

62 Elm St, Melrose MA 02176

Melrose, MA 02176

Walkability

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Nearby Schools

School District
Melrose School District local
A
School Safety 2024-25
0.6% Low
0.4% Suspensions 0.4% In-School 0.2% Emergency
4.9% below state avg
E

Elementary Schools

3 schools
Early Childhood Center
0.2 mi
246 students Moderate
Grades PK-K
A+
Horace Mann School
0.3 mi | #79 of 824 | Score: 60.5
Dropped 73 spots from last year
+2.3 above state avg
254 students Less Diverse
Strong Attendance
Grades K-05
A
Winthrop School
0.6 mi | #89 of 824 | Score: 59.8
Improved 1 spots from last year
+1.6 above state avg
392 students Less Diverse
Strong Attendance
Grades K-05
M

Middle Schools

2 schools
A-
Melrose Middle School
0.4 mi | #92 of 352 | Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students Moderate
Grades 06-08
C+
Saugus Middle School
1.8 mi | #248 of 352 | Score: 36.3
Improved 63 spots from last year
-21.9 below state avg
616 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

3 schools
A-
Stoneham High School
1.7 mi | #91 of 346 | Score: 61.0
Improved 37 spots from last year
+2.8 above state avg
599 students Moderate
17 sports • 1,334 athletes
High Graduation Rate Rising School College Ready Curriculum Strong Athletics
Grades 09-12
C
Saugus High School
1.8 mi | #260 of 346 | Score: 45.6
Improved 8 spots from last year
-12.6 below state avg
744 students Diverse
17 sports • 972 athletes
College Ready Curriculum Strong Athletics Diverse Student Body
Grades 09-12
A-
Wakefield Memorial High School
2.0 mi | #79 of 346 | Score: 62.6
Improved 16 spots from last year
+4.4 above state avg
854 students Moderate
18 sports • 1,930 athletes
High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $510
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

47%
Price Range
8
Total Days on Market
1
Previous Sales

Property Timeline

Current Active Listing - MLS #73524885
Full transaction history available when tracking began
🏡
Currently Listed
May 27, 2026
$990,000
MLS #73524885 - Active
Previous Transaction - MLS #72782534
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 11, 2021
$850,000
MLS #72782534
Sold
Jun 1, 2020
$525,000
Property sold
Days on Market: 8
🏠
Listed for Sale
Apr 29, 2020
$524,900
Original listing
Agent: The Bill Butler Group Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
May 27, 2026 Sold $990,000
Mar 11, 2021 Sold $850,000
Apr 29, 2020 New Listing Added $524,900

Market Statistics

Days on Market
7 days
Price per Sq Ft
$365

Tax History

Year Taxes Assessment
2020 $6,117 $553,600

Financial Details

Annual Property Tax
$6,117
Tax Year 2020
Assessed Value
$553,600

Listing Information

Listing Agent The Bill Butler Group
Listing Office Leading Edge Real Estate
Agent MLS ID TM327053
Office MLS ID AN4646
Listing Data Updated Jun 1, 2020 9:56 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Melrose, MA

Real-time market trends and pricing data for this area

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